Executive Order Directs Regulators to Investigate Alleged Political and Religious Discrimination

President Donald Trump signed an executive order Thursday aimed at curbing what he calls the “unacceptable practices” of large banks that allegedly discriminate against conservatives.

The order, which takes aim at the practice of “debanking”—the closure of accounts without clear reason—is a direct response to longstanding complaints from conservatives who believe they have been unfairly targeted by the financial system.

The executive order directs federal banking regulators to investigate and penalize financial institutions for “politicized or unlawful debanking” under existing consumer protection laws and the Equal Credit Opportunity Act. It asserts that providing banking services should b

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